TD Cowen raised Macy’s price target, sparking a 4 percent jump, while Berkshire Hathaway disclosed a $55 million stake in the retailer.
Macy’s Inc. shares climbed nearly 4 percent after TD Cowen increased its price target to $25 from $20 and maintained a buy rating. The stock traded up over 2 percent at $25.90 midday Thursday, extending recent gains.
The retailer’s stock has risen steadily over the past year, from just over $11 on June 25, 2025. First-quarter results showed a 3 percent comparable sales gain overall and a 10.2 percent increase at Bloomingdale’s, prompting an upgraded outlook for 2026.
Berkshire Hathaway disclosed a $55 million purchase of 3 million Macy’s shares, representing a 1 percent stake. The move signals growing investor confidence in a sector overshadowed by AI-focused investments.